CXW Stock Recent News

Prison stocks are the talk of Wall Street today following the expiration of the highly controversial Title 42 program. Indeed, companies like CoreCivic (NYSE: CXW ) and GEO Group (NYSE: GEO ) are in the green today in anticipation of the lifting of the former President Donald Trump-era border policy.

CoreCivic, Inc. (NYSE:CXW ) Q1 2023 Earnings Conference Call May 4, 2023 11:00 AM ET Company Participants Cameron Hopewell - Managing Director, Investor Relations Damon Hininger - President and Chief Executive Officer David Garfinkle - Chief Financial Officer Conference Call Participants Joe Gomes - NOBLE Capital Jay McCanless - Wedbush Kirk Ludtke - Imperial Capital M. Marin - Zacks Jordan Sherman - Ranger Global Real Estate Advisors Ben Briggs - StoneX Financial Operator Good day and thank you for standing by.

CoreCivic's latest earnings report shows that the company's financials are beginning to stabilize. Management has done a good job reducing debt and shoring up the company's balance sheet.

CoreCivic, Inc. is a $1.3-billion market cap top-notch company in the government real estate and corrections fields, providing management of prisons, jails, and immigration detention centers. The catalyst in the form of the termination of Title 42 combined with the depressed valuation multiples, provides a comfortable margin of safety for medium-term investors.

CoreCivic, Inc. (NYSE:CXW ) Q4 2022 Results Conference Call February 9, 2023 11:00 AM ET Company Participants Cameron Hopewell - Managing Director, Investor Relations Damon Hininger - President and Chief Executive Officer David Garfinkle - Chief Financial Officer Brian Hammonds - Vice President, Finance Conference Call Participants Joe Gomes - NOBLE Capital Markets M. Marin - Zacks Jay McCanless - Wedbush Ben Briggs - StoneX Financial Operator Good morning.

BRENTWOOD, Tenn., Jan. 24, 2023 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (the Company) announced today that it will release its 2022 fourth quarter financial results after the market closes on Wednesday, February 8, 2023. A live broadcast of CoreCivic's conference call will begin at 10:00 a.m. central time (11:00 a.m. eastern time) on Thursday, February 9, 2023.

Michael Burry — the notorious hedge fund manager who bet against the housing market before the 2008 financial crisis — is eyeing a new investment lately: prison stocks. Indeed, the investor of The Big Short fame is apparently fixated on the prison industry, which makes up more than half of his current portfolio according to a recent 13F filing with the U.S. Securities and Exchange Commission (SEC).

Many investors are keenly watching where the smart money is flowing. For those retail investors who, like myself, view Michael Burry as an extremely sophisticated and successful investor, where Burry goes is where many investors start to look.

The REIT sector is extremely volatile these days. It has resulted in some opportunities for us to consolidate capital.

CoreCivic, Inc. (NYSE:CXW ) Q3 2022 Earnings Conference Call November 3, 2022 11:00 AM ET Company Participants Cameron Hopewell - Managing Director, Investor Relations Damon Hininger - President and Chief Executive Officer David Garfinkle - Chief Financial Officer Brian Hammonds - Vice President, Finance Conference Call Participants Joe Gomes - NOBLE Capital M. Marin - Zacks Kirk Ludtke - Imperial Capital Brian Violino - Wedbush Securities Operator Good morning.